These stocks rose by double digits Friday as underperforming sectors bounced back Airline and energy stocks had among the biggest gains from a week earlierAirline and energy stocks had among the biggest gains from a week earlier.

Is it safer to stay at a hotel or an Airbnb during your summer vacation? ‘We need to balance sanity and risk’ ‘It’s important for us to get out and re-emerge from our caves, but we need to do so safely’‘It’s important for us to get out and reemerge from our caves, but we need to do so safely.’

Some Americans who got laid off are going back to work — here’s which sectors are rehiring 2.7 million Americans went back to work in May, but social distancing requirements may prevent more from getting rehired2.7 million Americans went back to work in May, but social distancing requirements may prevent more from getting rehired.

‘We are saving every penny we can’: What life could look like for this 66-year-old man when he loses all his unemployment benefits next month The extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two monthsThe extra $600 week provided under the CARES Act has been ‘a godsend’ to Ray Maslyk, who has been out of work for almost two months.

This is the insurance bill for damage and looting during protests over George Floyd’s death — and that’s just in Minnesota ‘It’s going to take a bit of time for the insurance industry to understand the full implication of this’‘It’s going to take a bit of time for the insurance industry to understand the full implication of this.’

This indicator shows investors are worried about a November ‘Blue Wave,’ and Democratic corporate tax hikes S&P 500 dividend futures are trading at a steep discountWhile the S&P 500 has rallied 39% from its March 23 low, the market for long-dated dividend futures has risen just 7%, according to a Thursday note from Goldman Sachs, reflecting concerns over earnings growth and rising chances that a Democratic sweep in November will lead to a reversal of the 2017 corporate tax cuts.

Trump signs bill changing Paycheck Protection Program into law House passed bill 417-1 last week, then late Wednesday Senate approved it unanimously after some last-minute wranglingPresident Donald Trump on Friday signs into law a bill easing conditions for small businesses tapping the government’s Paycheck Protection Program, with his OK coming after the measure scored broad support from lawmakers.

Anxiety overtakes excitement as New York City prepares to reopen on Monday The city’s businesses and transit prepare for life with a new normalThe next hurdle will be making sure the city can keep the spread of the disease under control as more activity resumes.

3 Stocks That Could Benefit When Dining Out Returns
Distributors Sysco, US Foods, and Performance Food stand to gain even if many local restaurants never reopen. Why some big investors are betting on them.

How to stay safe from coronavirus in a public bathroom Touch as little as possible inside the restroom, wash your hands but don’t use the hot-air dryerTouch as little as possible inside the restroom, wash your hands but don’t use the hot-air dryer.

Shift4 Payments stock surges after IPO in vote of confidence for economic recovery Company processes payments for the hospitality industry and raised $345 million in offeringInvestors voiced a big sign of enthusiasm Friday for a payments business highly levered to an economic rebound.

States continue to reopen after coronavirus lockdowns — how quickly are consumers following? U.S. states all have their own definition of ‘reopening’U.S. states all have their own definition of “reopening.”

Airlines, retailers, even German companies — the businesses borrowing billions in coronavirus loans from the Bank of England The Bank of England has lent more than £16 billion of coronavirus loans to 53 U.K. and overseas companies so far.

New York City’s Phase 2—which includes outdoor dining—could happen in early July Gov. Cuomo, meanwhile, says all protesters should be tested for coronavirus over concerns of a spike in casesBoth the state and the city continue to see drastically improved data regarding the virus.

Liquor distiller briefly breaks banks’ stranglehold on China’s market-cap crown Baijiu producer Kweichow Moutai swipes title as most valuable publicly traded company in China on an intraday basisBaijiu producer Kweichow Moutai swipes crown on an intraday basis on Tuesday as the most valuable company in China.

Eldorado Resorts to reopen 5 Nevada casinos on ThursdayEldorado Resorts Inc. said Thursday it will resume operations at five Nevada casinos on Thursday. The Reno-based company said it will reopen Eldorado Resort Casino, Silver Legacy Resort Casino and Circus Circus Hotel Casino in Reno, MontBleu Resort Casino Spa in Lake Tahoe and Tropicana Laughlin. The company has now reopened 16 of its 23 casino entertainment facilities following the suspension of operations in March. Shares soared 7% in premarket trade, but are down 35% in the year to date, while the S&P 500 has fallen 3%.

Job-cut announcements fall by 41% in May to second-highest total on record: ChallengerJob cuts announced by U.S.-based employers totaled 397,016 in May, down 40.8% from April's total of 671,129, outplacement firm Challenger, Gray & Christmas said Thursday. It's still the second-highest total since the series started in 1993. Entertainment and leisure companies, including bars, restaurants, hotels, and amusement parks, announced 163,680 cuts in May.

What it’s like to buy $9 billion in stocks during a market crash — this fund manager did just that David Giroux of T. Rowe Price describes what life was like during the worst moments of the stock market downturnDavid Giroux of T. Rowe Price describes what life was like during the worst moments of the stock market downturn.

Podcast: The Paycheck Protection Program Is Starting to Run Out
Coronavirus is hitting migrant workers hard. Oil storage is down 21% from May’s highs. And why 8 weeks of PPP weren’t enough to save small businesses.

South Korea agrees to rein in leaflet-dropping activists after North complains North threatened to cut military agreement over anti-Pyongyang fliersNorth Korea threatened on Thursday to end an inter-Korean military agreement reached in 2018 to reduce tensions if the South fails to prevent activists from flying anti-Pyongyang leaflets over the border.

McConnell, Rubio support House bill changing Paycheck Protection Program, but other Senate Republicans raise concerns Measure would extend the period for using loans to 24 weeks and let borrowers spend just 60%, rather than 75%, of their loan proceeds on paying workersSome key Senate Republicans support a bipartisan House bill that would give small businesses more time to use Paycheck Protection Program loans and let borrowers spend less of their loan proceeds on payroll, but others have concerns.

Outdoor dining OK’d for New York areas in Phase 2 as statewide coronavirus numbers hit new lows While the virus remains a threat, it’s ‘going better than it has ever gone in New York,’ Gov. Cuomo says, as Phase 1 reopening nears in the cityTables must be 6 feet apart and staff must wear face coverings.

Disney pledges $5 million to support nonprofits advancing social justiceThe Walt Disney Company has pledged $5 million to support nonprofit organizations that advance social justice, beginning with a $2 million donation to the NAACP, the company said Wednesday. "The killing of George Floyd has forced our nation to once again confront the long history of injustice that black people in America have suffered, and it is critical that we stand together, speak out and do everything in our power to ensure that acts of racism and violence are never tolerated," Disney Chief Executive Bob Chapek said in a statement. Disney shares are down 16% this year, while the broader S&P 500 index is down 3%.

Cruise ship stocks turn higher, despite bearish call from Morgan Stanley analystShares of cruise operators rallied Wednesday, reversing earlier losses, despite a bearish call from Morgan Stanley analyst Jamie Rollo, who said he believes the cruise industry will take longer than almost any other form of travel to return to normal, as a result of the COVID-19 pandemic. Shares of Norwegian Cruise Line Holdings Ltd. rose 3.7% in afternoon trading, after being down as much as 4.0% earlier in the session; Royal Caribbean Cruises Ltd. gained 3.8%, after being down 2.5% at its intraday low; and Carnival Corp. reversed an earlier loss of as much as 1.8% to trade up 2.2%. Rollo downgraded Norwegian to underweight from equal weight and trimmed his price target to $13, which is 27.5% below current levels, from $12. He also resumed coverage of Royal and Carnival with underweight ratings. "We model a return to operations in [the fourth quarter of 2020], but expect it will take 6 months for the industry to rehire crew and reposition ships, and we also assume 2021 revenue yields will be depressed by weak demand, travel uncertainty and the use of credits given on 2020 cancellations," Rollo wrote in a note to clients. He doesn't expects positive earnings per share until 2023 for the companies, and sees "no return" to 2019 EPS levels, as high cash burn and capital commitments mean debt leverage "has taken a permanent step up." Over the past month, Norwegian's stock has rallied 30.4%, Royal shares have advanced 42.6% and Carnival's stock has climbed 23.8%, while the S&P 500 has tacked on 10.2%.

Service side of U.S. economy breaths signs of life in May as states reopen, ISM finds ISM nonmanufacturing index climbs to 45.4% in May from 41.8% Retailers, restaurants and other service-oriented companies began to recover from the coronavirus pandemic in May, a new ISM survey shows, but business is still extremely slow and points to a U.S. economy still in a deep recession.

Cracker Barrel stock soars after upgrade on rising dine-in sales momentumShares of Cracker Barrel Old Country Store Inc. soared 11.4% in Wednesday trading after the restaurant and retail chain was upgraded to buy from hold at SunTrust Robinson Humphrey. Analysts moved their price target to $133 from $117. SunTrust cites near-term dine-in same-restaurant sales, which are down 32% for the week ending May 29, with the company expected to offer dine-in service systemwide on June 30. Analysts also think Cracker Barrel's "rural exposure and everyday value [mitigates] COVID and economic risks." Cracker Barrel announced fiscal third-quarter earnings on Tuesday. The company posted a net loss of $161.9 million, or $6.81, after earnings of $50.4 million, or $2.09, last year. Adjusted loss per share was $1.81. Revenue totaled $432.5 million, down from $739.6 million last year. The FactSet consensus was for losses of $1.06 per share and revenue of $477.8 million. Same-restaurant sales were down 41.7% for the quarter, and same-store sales were down 45.5%. Cracker Barrel stock has slumped 22.5% for the year to date while the S&P 500 index is down 3.7%.

Red Robin Gourmet Burgers expects to have reopened about 270 dining rooms by June 7 Red Robin Gourmet Burgers Inc. said Wednesday it expects to have reopened 270 dining rooms by June 7 with limited capacity, respecting the need for social distancing during the coronavirus pandemic. That is equal to about 65% of its total current company-owned restaurants, the Greenwood Village, Colo.-based burger chain said in a statement. "To build on the momentum we are experiencing in off-premise and dine-in sales, we are now re-opening restaurants in our largest and highest volume markets in the Pacific Northwest and West Coast," Chief Executive Paul J.B. Murphy III said. "We are pleased with the results we are seeing and look forward to sharing a more detailed business update when we report our first quarter earnings next week." The company's earnings will be released on June 10 before the bell. Shares were slightly higher premarket, but have fallen 59% in the year to date, while the S&P 500 has fallen 5%.

European stocks rise for third straight session, with investors cheered by China data Renault, TUI lead gains European stocks extended gains for a third day on Wednesday as investors looked past U.S. unrest to data indicating more economic strength as global pandemic lock downs unwind.

Podcast: $67 Billion in Unemployment Benefits Is Missing In Action
Americans are wary of in person spending amid potential coronavirus reopenings. About a third of the money that should have been distributed to jobless Americans hasn’t yet been disbursed. And the American labor share is up—but not for long.

Travel experts offer tips on refunds, cancellations, insurance and booking new trips How do you get a refund, when should you book, and when should you go?Will it be safer to stay in an RV, a hotel, an Airbnb or a B and B? Your questions answered.

TUI, Boeing reach pact over 737 MAX grounding pactTUI AG said Wednesday that it has agreed a compensation package and a new delivery deal with Boeing Co. for its 737 MAX aircraft over the next few years that will significantly reduced capital and financing requirements for the travel company.

Australia's economy contracts, recession likelySYDNEY--Australia's economy contracted in the first quarter for the first time since 2011, as the impact of bushfires and coronavirus-related lockdowns scuttled consumer buying and confidence, setting the scene for the country's first recession in nearly 30 years.

More consumers are willing to head back to stores than to dine out at restaurants, S&P Global finds Concerns that reopened stores would be empty of shoppers for a long time may be unfoundedA new study shows consumers are ready to head back to stores, though the restaurant business may suffer for a longer period after the coronavirus lockdowns.

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